I discussed this long trade back in may, I now see the short.. it just kept riding up! There it is.. highlighted on the chart.
Caught using my RJT averages tool this SOYBEANS trade keeps moving higher. 84 points locked in (pink line - 0.8*ATR). Currently 569 points in profit. Waiting for exit signal (close cross of upper channel). Continuation trade also executed and closed (continuation indication - TP white line) for 85 points profit (0.8 *ATR). DM for more info/access.
Bullish week for ZSX 2020, the resistance level was breached and no sign of slowing down. When everyone is having bullish reading, it is a good opportunity for us to Short. I would split my call today into two sections: If you are a scalper and speculator, now or today is a good time for you to LONG ZSX 2020. Not much upside, but you can do a "quicky" as...
- AS TITLE SAYS; - ON M. YEAR RES. - LOOK FOR OP'S TO SELL SHORT - TARGET OPEN 3400 PIPS DOWN
Currently the price is soaring up to the upper part of the zone and if we look to the left, we can expect the price to move sideways before collecting the Supply Zone. Despite being bullish bias, I will not buy at market, instead, I prefer to buy at a better price (discounted price). My trade opinion on ZSX 2020 is as follow: Buy Limit at $902 Stop Loss at...
We have observed several forces acting as a brake and pushing the price above the red down trending line. But a very strong squeeze front last tops have seen the market being inconsistent with its which to move upwards. The two horizontal black lines are the new tops and bottoms of the horizontal trending range. We could observe during this week a market which...
We already talked about coming decline in Soybean and finally, we are close to an entry. Commercials are heavily short and evaluation index shows Soybean is overvalued. If on Monday, we break below Friday’s low to form a lower high, that’s our entry. Otherway, wait till trendline breaks.
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After reached high level ressistance on level 870 USD time to short position with take profit around 850-853 USD
Clear over under pattern on the Weekly. Weekly closing strong-bullish in 1day+ Look to buy after weekly candle close with a Target of the supply overhead.
I think there will be a supply and demand issue with soybeans. The China trade issues heating up. I see upside on this tasteless little bean. I probably wont trade this, laying out the technicals here, I have a wide stop as things could get real hairy. That is a 2.2:1 RR. Gets your stop below that $8 level. And the price target below a weekly 200 EMA.
Soybeans had broke descending triangel wiht double bottom. Time to long position?
You have to understand predicting the market isn't rocket science. Infact if you discount the time it goes sideways it will go either up or down. If you understand the supply and demand are around support and resistance areas you have likely price targets. So say we can assume there's a 99% chance it will eventually get to 7 or 9 bucks. You could then flip a...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
• If the market breaks the resistance line with a big green candle, we have a high probability to get a bullish trend again Otherwise it's a pullback, the market will return to the red support line, in this case and it's highly probable to break it and getting a bearish trend.
beans are getting close , wait for price to enter the area and daily needs to bid above the open